ENTITLEMENT ISSUE PRESENTATION April 2015 DISCLAIMER SC This - PowerPoint PPT Presentation

ENTITLEMENT ISSUE PRESENTATION April 2015

DISCLAIMER SC This presentation has been prepared by Altura Mining Limited (“Altura” or the “Company”). It should not be considered as an invitation or offer to subscribe for or purchase any securities in the Company or as an inducement to make an invitation or offer with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation. This presentation is provided on the basis that none of Altura nor its respective officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisers make any representation or warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the presentation and nothing contained in the presentation is, or may be relied upon as, a promise, representation or warranty, whether as to the past or the future. The Company hereby excludes all warranties that can be excluded by law. The presentation contains forward looking information and prospective financial material which is predictive in nature and may be affected by The presentation contains forward looking information and prospective financial material which is predictive in nature and may be affected by inaccurate assumptions or by known or unknown risks and uncertainties, and may differ materially from results ultimately achieved. All references to future production, production targets and resource targets and infrastructure access are subject to the completion of all necessary feasibility studies, permitting, construction, financing arrangements and infrastructure-related agreements. Where such a reference is made, it should be read subject to this paragraph and in conjunction with further information about the Mineral Resources and Exploration Results, as well as the Competent Persons' Statements. All persons should consider seeking appropriate professional advice in reviewing the presentation and all other information with respect to the Company and evaluating the business, financial performance and operations of the Company. Neither the provision of the presentation nor any information contained in the presentation or subsequently communicated to any person in connection with the presentation is, or should be taken as, constituting the giving of investment advice to any person. 2

“ identification, progression and identification, progression and development from a broad portfolio of mineral assets” of mineral assets 3

INVESTMENT HIGHLIGHTS LITHIUM • Altura has 100% ownership of the Pilgangoora Lithium project in the Pilbara region of Western Australia. • Top 5 undeveloped hard rock resource globally with 25mt @ 1.23% Li 2 O* resource open in several directions. Technically straightforward with series of outcropping Pegmatite dykes. Post Scoping Study several optimalities being pursued including potential to high ‐ grade at circa 1.8% Li 2 O during first 7 years of production. • Altura targeting a chemical grade product at Pilgangoora, chemical grade lithium most commercially relevant with growing list of applications to Lithium Ion and Lithium Hydroxide battery technology used in consumer electronics and Automotive technology. • Recent technology focusing on taking spodumene concentrate directly to higher value Lithium Hydroxide product COAL • Delta Coal Mine: ⅓ interest in the operating Delta Coal mine East Kalimantan Indonesia, currently producing 1.4 million tonnes per annum (mtpa), low cost production fully integrated infrastructure operation. • Tabalong: Five IUPs with operational status, in ‐ principle agreement for Forestry Land Use permit for first tenement received September 2014. Targeting production of low cost, low strip ratio, thick seam mining of high energy thermal coal +6,500kcal/kg (ar basis). • March 2014: Tabalong highlighted in Wood Mackenzie “picking project winners” as one of best undeveloped coal projects globally. • As per previous ASX announcements, Altura and partners progressing listing of Coal Assets on Singapore Exchange (SGX ‐ ST Catalist) IRON ORE IRON ORE Post sale of stake in Mt Webber to Atlas (ASX announcement 24 th December 2014), Altura zero ongoing liability at Mt Webber. • • Altura retains royalty over production from Mt Webber and any subsequent production from the broader exploration tenement package (no sunset clause on agreement). MANAGEMENT • Significant Mining Experience: a mining company run by mining people. Altura is run at board and management level by an experienced group of executives with a significant amount of experience in commercialising resources and delivering Tier 1 projects, with the bulk of this experience gained at New Hope Corporation Ltd *See Altura’s ASX release of 3 October 2012 4 * Refer to Appendix for Resource Table and Competent Persons Statement

CORPORATE SNAPSHOT Capital Structure Share Price Graph Shares on issue 467,812,181 Share price Share price A$0 01 A$0.01 Market capitalisation A$4.67M Cash (31 December 2014) A$0.831 52 week trading range 52 week trading range A$0 22 – A$0 01 A$0.22 A$0.01 Directors and Major Shareholders Directors: James Brown Managing Director Paul Mantell Director Allan Buckler Director BT Kuan Director Dan O’Neill Director Major Shareholders: Directors ~21% Top 20 shareholders ~68% Spodumene ore sample – Altura Lithium 5

CAPITAL RAISING SUMMARY Altura is undertaking a $3.12m (approx) partially underwritten equity capital raising via 2 for 3 non ‐ renounceable entitlement offer Non ‐ renounceable entitlement offer to raise approximately $3.12m if fully subscribed, EQUITY RAISING Issue of up to 311,874,787 new ordinary shares Partially underwritten up to $2.4 million $0 01 per share + one free attaching option exercisable at $0 02 for every 2 shares subscribed $0.01 per share + one free attaching option exercisable at $0.02 for every 2 shares subscribed for under the offer 12% discount to 10 day VWAP 39% discount to 30 day VWAP ENTITLEMENT OFFER 60% discount to 90 day VWAP Based on closing price $0.01 (17 April 2015) B d l i i $0 01 (17 A il 2015) Entitlement offer period from (22 April –15 May) (unless otherwise determined by the Company) Progress the Pilgangoora Lithium Pre Feasibility Study USE OF PROCEEDS Finalise SGX listing Working capital for Altura RANKING Shares issued under the entitlement offer will rank equally with existing shares Directors to take up full entitlements under the entitlement offer and have also entered into additional sub ‐ underwriting • commitments 6

ALTURA LITHIUM – PILGANGOORA PROJECT Technically straight forward, Outcropping, substantial Outcropping, substantial resource ideally located in WA’s Pilbara region 7

ALTURA LITHIUM – PILGANGOORA PROJECT GLOBAL LITHIUM SECTOR UNDERPINNED BY ROBUST LONG ‐ TERM FUNDAMENTALS Strong compounding average growth rates (CAGR) of demand for Lithium Advancing Lithium Ion and Lithium Hydroxide battery technology primarily driving demand driving demand Global demand of lithium in 2012 reached 150,200t LCE, with a value estimated at around $2.2Bn. Overall lithium demand increased at an average CAGR of 6.8% from the beginning of the millennium. (Source: Roskill) B Broadening range of applications (Phones, Tablets, portable P.C’s, Power tools). d i f li ti (Ph T bl t t bl PC’ P t l ) Future demand is projected to grow at an annual base rate of 9.7% until 2017 with optimistic forecast at 15.7%pa consumption growth. Consumption of lithium in volume terms with be largely driven by the rechargeable battery market which is predicted to grow 21 5%pa (Source: Roskill) 21.5%pa. (Source: Roskill) Automotive technology ‐ Lithium Battery technology materially improving the energy efficiency of conventional engines. Recent Deutsche Bank report (Pricing the Car of Tomorrow ‐ 15 December 2014) estimated by 2030 Electric vehicle sales to constitute 19.8% of Global vehicle sales and stated “Lithium/Graphite markets face serious undersupply if our battery growth rates come to fruition” f ” Highly concentrated market dominated by a few major suppliers serviced by small number of major projects China largest consumer of Lithium globally with majority of Lithium concentrate provided by Greenbushes project in Western Australia 8

ALTURA LITHIUM ‐ Pilgangoora project ALTURA LITHIUM Pilgangoora project Pilgangoora project, Pilbara Region Western Australia (100% Altura) Top 5 global deposit of hard rock Lithium (Spodumene) Technically straightforward characterised by shallow, thick and high grade lithium intercepts with consistent Li 2 O grade JORC Mineral Resource estimate of 25.2 million tonnes @ 1.23% Li 2 O* ‐ extendable and open in several directions Sufficient resource established for 20yr plus mine life Contained Lithium 310,000 tonnes Trading at significant discount to peers on enterprise value per tonne basis 17.3 Mt Indicated / 7.9 Mt Inferred Ore Resource with potential to add to resource 12 Spodumene ‐ rich pegmatite dykes 12 Spodumene rich pegmatite dykes identified to date *See Altura’s ASX release of 3 October 2012 * Refer to Appendix for Resource Table and Competent Persons Statement pp p 9